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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

  • #48,781
  • Nov 27, 2009 1:28am Nov 27, 2009 1:28am
morning
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  • #48,782
  • Nov 27, 2009 1:30am Nov 27, 2009 1:30am
Quoting raczekfx
BINGO..
.
Hehe amazing mate!

By the way, don't give control to the troll!!

We miss you bud
  • #48,783
  • Nov 27, 2009 2:03am Nov 27, 2009 2:03am
Quoting raczekfx
Oh I did my friend and almost to a minute. Perhaps you've missed it.
Five of us sold it. Four of them are still in with full position...

Posts like yours are great encouragement, to use my energy elsewhere.

Se la vie folks!


btw: this guy on a bike was once also under a 9 month mentorship....
no more chinese food for me

hello Rac

great trade,nice to see that you post here from time to time. I enjoy reading your post, have learned so much from them, it will be really such a loss for many from here. I'll respect whatever your decision will be.

wish you the best!!

ps: hope you will make some time to post here to
  • #48,784
  • Nov 27, 2009 2:07am Nov 27, 2009 2:07am
Quoting benji533
morning
goooooood morning

nice trade !!

wish you the best!
  • #48,785
  • Nov 27, 2009 2:15am Nov 27, 2009 2:15am
here it's a question to everyone who can help and they know about it.

Can somebody explain markets behavior from the last days, it's seems that on all the majors there was extreme moves,with some high momentum.

it's this because of the holidays!!

I have read an article that it's saying that on the last years, on thanksgiving the range on all the markets where bellow 100 pips.

it will be really nice if someone can explain this.

thanks and wish you the best!
  • #48,786
  • Nov 27, 2009 2:19am Nov 27, 2009 2:19am
Quoting triger88990
here it's a question to everyone who can help and they know about it.

Can somebody explain markets behavior from the last days, it's seems that on all the majors there was extreme moves,with some high momentum.

it's this because of the holidays!!

I have read an article that it's saying that on the last years, on thanksgiving the range on all the markets where bellow 100 pips.

it will be really nice if someone can explain this.

thanks and wish you the best!
The thing about holiday markets are they are more illiquid. That is just a fact b/c you have less participants. So that can mean nothing happens b/c no one wants to get involved, or it means less money can push the markets around. So the latter occured and when the train got a moving it kept on moving

Mike
  • #48,787
  • Nov 27, 2009 2:24am Nov 27, 2009 2:24am
Quoting triger88990
goooooood morning

nice trade !!

wish you the best!
Thanks.
Look how the round number produced a clean PPZ to the pip! amazing. It's like knowing the future price flips before time.

Quote
Can somebody explain markets behavior from the last days, it's seems that on all the majors there was extreme moves,with some high momentum.
Yea something is going on....I don't know what, but I love it

Take care tig, wish you the best as well
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  • #48,788
  • Nov 27, 2009 2:28am Nov 27, 2009 2:28am
Quoting benji533
Took a 1/2 bar loss on this one.
you are not alone Benji...stuck to my plan though, no harm done.
  • #48,789
  • Nov 27, 2009 2:56am Nov 27, 2009 2:56am
Quoting mbqb11
The thing about holiday markets are they are more illiquid. That is just a fact b/c you have less participants. So that can mean nothing happens b/c no one wants to get involved, or it means less money can push the markets around. So the latter occured and when the train got a moving it kept on moving

Mike

Hi Mike.

That makes sense. But from there what happens? Is the market now out of kilter from where it would normally have been. Will the preceding direction, sentiment return.
I know you cannot answer that for sure but I guess that if the recent moves are aberrations would it be reasonable to expect some form of normality to return?

I imagine the answer is really to wait and see. As you have pointed out in the past, there is no rush!

A51
  • #48,790
  • Nov 27, 2009 4:13am Nov 27, 2009 4:13am
Quoting raczekfx
Watching upper TL.... (before the fact)..
.

nice rac!

you forgot usd/chf daily trend line test :0)
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  • #48,791
  • Nov 27, 2009 4:21am Nov 27, 2009 4:21am
Here is a chart if more than anything, it is my attempt to sum up the reason why I trade the weekly / daily charts, If only for my benefit yet I have the urge to share, it is because the formations and price zones are blatantly more obvious than those that appear on smaller time frames, the longer time frame formations will over ride the smaller time frames with a very high probability, as my experience has shown....just mange your risk better and go with the longer

I post this chart as a reflection and study of the USDCAD in a past tense with the J16method...no recommendation is implied whatsoever....

that last statement is for the angry "pit people" trolls

Cheers

Matt
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Without women, money would have no meaning - Aristotle Onassis
  • #48,792
  • Nov 27, 2009 4:44am Nov 27, 2009 4:44am
Quoting mattfx
Here is a chart if more than anything, it is my attempt to sum up the reason why I trade the weekly / daily charts, If only for my benefit yet I have the urge to share, it is because the formations and price zones are blatantly more obvious than those that appear on smaller time frames, the longer time frame formations will over ride the smaller time frames with a very high probability, as my experience has shown....just mange your risk better and go with the longer

I post this chart as a reflection and study of the USDCAD in a past tense with...
Hi Matt

Have been following J16 weekly/daily approach for some time on demo - it works great but I find suitable A+ trades fairly infrequent. Notice that quite a few peope on this forum seem to trade smaller time frames. Have found that going to 4 hour for trades with ref to daily/weekly seems to offer more practice opportunities - just wondered if this is wise or not for learning process.

Thanks

JS
  • #48,793
  • Nov 27, 2009 4:53am Nov 27, 2009 4:53am
Quoting Area51
Hi Mike.

That makes sense. But from there what happens? Is the market now out of kilter from where it would normally have been. Will the preceding direction, sentiment return.
I know you cannot answer that for sure but I guess that if the recent moves are aberrations would it be reasonable to expect some form of normality to return?

I imagine the answer is really to wait and see. As you have pointed out in the past, there is no rush!

A51
I guess the Dubai debacle has had some effect

JS
  • #48,794
  • Nov 27, 2009 4:54am Nov 27, 2009 4:54am
Hi JS,

I have found that a trade will have a better chance if you start on the higher time frames and look at the areas were it stalls or breaks, often these areas are connected to many, many past areas pivot zones or PPZ areas

It may be easy to look at the short term such as the hourly, yet you may miss seeing the freight train comming from the opposite direction, I'd rather be preparing to climb on that train than looking like a rabbit caught in the head lights...

Just a thought
Matt
Without women, money would have no meaning - Aristotle Onassis
  • #48,795
  • Nov 27, 2009 5:03am Nov 27, 2009 5:03am
Quoting jspeakman
I guess the Dubai debacle has had some effect

JS

Hi jspeakman

Yes, it would appear so. Wonder how long it will last?

These things come along and then just go away to be replaced by something else. The market is fickle. Risk aversion one day, damn the torpedoes the next. He He.

A51
  • #48,796
  • Nov 27, 2009 5:07am Nov 27, 2009 5:07am
Quoting mattfx
Hi JS,

I have found that a trade will have a better chance if you start on the higher time frames and look at the areas were it stalls or breaks, often these areas are connected to many, many past areas pivot zones or PPZ areas

It may be easy to look at the short term such as the hourly, yet you may miss seeing the freight train comming from the opposite direction, I'd rather be preparing to climb on that train than looking like a rabbit caught in the head lights...

Just a thought
Matt
Hi Matt

Many thanks for this - will continue to stick to higher frames. Agree from my own limited experience , higher TFs always seem to over ride lower TFs. However I wondered if you could use this to trade a little more frequently no lower than 4 hour on the basis that you know from the higher TFs where the train is coming from and I guess more importantly where it is likely to crash into the buffers (- and I think I have now done your metaphor to death!).

Cheers

JS
  • #48,797
  • Nov 27, 2009 5:11am Nov 27, 2009 5:11am
If you have been over to Europe, you may have had this experience when crossing the road, due to conditioning you may have be trained to look to your left for example, and be aware of traffic comming from that direction, when in fact you should be looking to the right as everyone is driving on the other side of the road .....ever had that happen ?

Right or Wrong they were on the opposite side of the road and I was not prepared......

Almost cost me my life.......
Without women, money would have no meaning - Aristotle Onassis
  • #48,798
  • Nov 27, 2009 5:17am Nov 27, 2009 5:17am
Quoting mattfx
If you have been over to Europe, you may have had this experience when crossing the road, due to conditioning you may have be trained to look to your left for example, and be aware of traffic comming from that direction, when in fact you should be looking to the right as everyone is driving on the other side of the road .....ever had that happen ?

Right or Wrong they were on the opposite side of the road and I was not prepared......

Almost cost me my life.......
Good point! - bad memories of coming out of a filling station and nearly straight into an oncoming car - thanks Matt

JS
  • #48,799
  • Nov 27, 2009 5:18am Nov 27, 2009 5:18am
Quoting mattfx
If you have been over to Europe, you may have had this experience when crossing the road, due to conditioning you may have be trained to look to your left for example, and be aware of traffic comming from that direction, when in fact you should be looking to the right as everyone is driving on the other side of the road .....ever had that happen ?

Right or Wrong they were on the opposite side of the road and I was not prepared......

Almost cost me my life.......
Hi mattfx

A few tourists have been cleaned up on Sydney streets for the same reason.

I totally agree with your advice re higher timeframes.

A51
  • #48,800
  • Nov 27, 2009 5:55am Nov 27, 2009 5:55am
Quoting Area51
Hi mattfx

A few tourists have been cleaned up on Sydney streets for the same reason.

I totally agree with your advice re higher timeframes.

A51
i was drivin out to Avalon over your way, when a lovely couple almost got me head-on... they were so upset about the "what could have been" they even tried to give me money bless-em (i took them for a cuppa to calm them down) jumpstarted my heart for the day though......oh how i miss sydney
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